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posted 3 years ago
On July 27, 2021, the State Council published the Administrative Regulation of the People’s Republic of China on the Registration of Market Entities (hereinafter referred as the “Regulation”), which took effect on March 1, 2022. The Regulation is the first legal document to uniformly regulate the registration and administration of all types of market entities.
To clarify issues in the implementation of the Regulation, the State Administration for Market Regulation (SAMR), the state organ that supervises all market entities, formulated and published the Implementing Rule for the Administrative Regulation of the People’s Republic of China on the Registration of Market Entities (hereinafter referred as the “Implementing Rule”) on March 1, 2022, which took effect the same day.
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